Wall Street is starting to worry that J.C. Penney Co. Inc. is falling off the promotional wagon.
Shares of the company retreated 5.7 percent to $24.01 Wednesday after Deutsche Bank analyst Charles Grom said a recent promotional offer for 30 percent off all clearance goods might undermine the company’s two-tier pricing strategy.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)